Connect with us

Hi, what are you looking for?

OMD NewsOMD News


$48 Trillion Boost Public Debt – Bidenomics Projected: A Call for Sustainable Economic Policies!

Biden’s Economic Policies Draw Scrutiny Amidst Budget Deficit Dispute and Tax Proposal Concerns

Critics Dispute Biden’s Claims on Budget Deficit Reduction and Economic Policies

NEWYORK SUN – In his recent State of the Union speech, President Biden made claims about reducing the public debt that have been disputed by critics. While he said he reduced it by $1.7 trillion, reports suggest he actually oversaw an increase of around $6 trillion in red ink during his term. Furthermore, his proposed public debt budget includes unprecedented levels of spending totaling $82 trillion over 10 years significantly higher than pre Biden projections and historical averages. Biden plans to raise taxes on the wealthy has drawn criticism with opponents arguing that it could harm economic growth.

READ ALSO: Stimulus Checks – Don’t Miss Out Your 2020 Financial Aid – IRS Warns: Urgent Alert, Act Now!

$48 Trillion Boost Public Debt – Bidenomics Projected: A Call for Sustainable Economic Policies! (PHOTO: CNN)

Critics point to a range of economic indicators, such as job growth, inflation rates, and energy prices to highlight perceived shortcomings in Biden’s economic policies. They argue that his administration has failed to address pressing issues like inflation and affordability while pushing forward with ambitious spending plans and tax proposals.

READ ALSO: Food Benefits Essential For Flood Victims Struggle To Access Calfresh Aid!

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


There is finally an update on 4th stimulus check for Social Security Recipients! Individuals who receive Social Security benefits can expect to receive a...


The attack using 14 military choppers that Russian President Vladimir Putin planned was destroyed by Ukraine using US-supplied long-range tactical missiles. Russian President Vladimir...


The Biden administration has announced recently that it plans to increase the monthly payments of seniors and veterans to $2,000. $2,000 in Monthly Payments...


In Texas, this September the SNAP payments will end, worth up to $1,691, on Friday. The household income determines eligibility. A single-person household must earn more than...